Production Possibilities SchedulesMountain MackBig Lake BobFishing Lures Duck Decoys Fishing Lures Duck Decoys848121620301832115650a. If Mountain Mack splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishinglures and duck decoys could he carve?O 50 fishing lures and 40 duck decoysO 140 fishing lures and 20 duck decoysO 25 fishing lures and 20 duck decoysO 20 fishing lures and 25 duck decoysb. If Big Lake Bob splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing luresand duck decoys could he carve?70 fishing lures and 10 duck decoys10 fishing lures and 70 duck decoys20 fishing lures and 140 duck decoys140 fishing lures and 20 duck decoysc Combined, how many fishing lures and duck decoys could Mountain Mack and Big Lake Bob carve if each one split his weekbetween the two products?020 fishing lures and 140 duck decoysO 30 fishing lures and 95 duck decoysO 140 fishing lures and 20 duck decoysO95 fishing lures and 30 duck decoysd. Who has the comparative advantage in carving fishing lures? In carving duck decoys?Fishing lures: (Click to select) VDuck decoys: (Click to select)e. If both Mountain Mack and Big Lake Bob choose to specialize in the product in which he has a comparative advantage, how many ofeach product could they produce together?O 140 fishing lures and 40 duck decoys50 fishing lures and 70 duck decoys070 fishing lures and 50 duck decoys040 fishing lures and 140 duck decoys

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Production Possibilities Schedules Mountain Mack Big Lake Bob Fishing Lures Duck Decoys Fishing Lures Duck Decoys 0 8 4 8 50 40 30 20 18 8 8 16 24 32 40 140 115 90 65 40 8 a. If Mountain Mack splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys could he carve? O 50 fishing lures and 40 duck decoys O 140 fishing lures and 20 duck decoys O 25 fishing lures and 20 duck decoys O 20 fishing lures and 25 duck decoys 12 16 20 b. If Big Lake Bob splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys could he carve? O 70 fishing lures and 10 duck decoys 10 fishing lures and 70 duck decoys O 20 fishing lures and 140 duck decoys 140 fishing lures and 20 duck decoys

Production Possibilities Schedules Mountain Mack Big Lake Bob Fishing Lures Duck Decoys Fishing Lures Duck Decoys 0 8 4 8 50 40 30 20 18 8 8 16 24 32 40 140 115 90 65 40 8 a. If Mountain Mack splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys could he carve? O 50 fishing lures and 40 duck decoys O 140 fishing lures and 20 duck decoys O 25 fishing lures and 20 duck decoys O 20 fishing lures and 25 duck decoys 12 16 20 b. If Big Lake Bob splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys could he carve? O 70 fishing lures and 10 duck decoys 10 fishing lures and 70 duck decoys O 20 fishing lures and 140 duck decoys 140 fishing lures and 20 duck decoys

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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